Harneys wins three 2020 Deal of the Year Awards from China Business Law Journal

Harneys is pleased to announce three 2020 Deal of the Year Award wins from China Business Law Journal in relation to XPeng Inc, Sina Corporation and WeRide Inc.

Harneys acted as Cayman Islands counsel to XPeng Inc, one of China’s largest electric vehicle manufacturers, in relation to its pre-IPO financing and US$1.5 billion listing on the New York Stock Exchange. Harneys also provided Cayman advice to the Special Committee of Sina Corporation, a Chinese technology company which owns the Weibo social media platform, in relation to its US$2.6 billion privatisation off of the NASDAQ. Both deals were led by Partner Yin Xu.

Shanghai Managing Partner Vicky Lord acted as lead partner, issuing Norwich Pharmacal and winding up proceedings against WeRide Inc on behalf of two shareholders in the Cayman Islands. The matter was a multi-faceted and high-value shareholder dispute case with highly complex cross-border elements, settling in May 2020.

Vicky Lord commented: “We are proud to receive these awards which are a testament to our Asia team’s expertise across all of our practice areas. Our on-the-ground presence in Shanghai sets us apart and uniquely positions us as the only full-service offshore legal team in mainland China, allowing us to provide unparalleled client service.” Yin Xu added: “We are delighted that our work has been recognised by China Business Law Journal. These awards highlight our commitment to achieving the best outcome for our clients and we thank them for their support.”

The China Business Law Journal’s awards are presented annually and are based on hundreds of nominations from in-house counsel and other qualified observers, and research conducted by the China Business Law Journal’s editorial team. A complete list of the winners and more information about the awards can be found here.

Harneys is one of the most dynamic and fastest growing offshore law firms in Asia. Through Aristomedou Loizides Yiolitis LLC, Shanghai Representative Office (Cyprus), the Shanghai team provides an award-winning range of offshore legal services across key practice areas including corporate and commercial, banking and finance, investment funds, private wealth, dispute resolution, insolvency and restructuring.